Insurance for Renewables
Whether it''s a wind farm or an ethanol facility, Chubb can provide your company with an array of renewable energy insurance products, featuring large-capacity limits and specialized protection.
Your agent can help review risks and provide a quote for coverage that would best protect your company. Travelers offers specialized insurance coverages and risk strategies to help solar energy businesses withstand threats to their companies. Talk with an agent.
A common policy limit is coverage for up to 12 months of gross revenues, minus non-continuing expenses. For wind projects, lost production tax credits (“PTCs”) are often included as part of business interruption insurance, because any downtime will decrease the PTCs that may be claimed by the Project over the 10-year PTC period.
Pollution liability coverage may be desirable for project sites with recognized environmental conditions. Auto Liability: Although most projects do not use or own automobiles, most maintain coverage for liability arising out of the use of hired or non-owned automobiles during the course of construction and operation.
Auto Liability: Although most projects do not use or own automobiles, most maintain coverage for liability arising out of the use of hired or non-owned automobiles during the course of construction and operation. Umbrella/Excess Policies: Provides additional coverage for claims in excess of primary general liability coverage.
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